In Jan 2013, homebuilders began construction at an annual rate of 890k units, compared to 720k units in previous year. In addition, annualized existing home sales in January was 4.9 mm, a 0.4% MoM increase and a 9.1% YoY increase
– In addition, the U.S. housing inventory level currently stands at supply of 4.2 months, the lowest level since April 2005. The demand for housing will support housing prices and the current monthly housing prices rose more than 12% compared January 2012 source:
National Association of Realtors.